Mitel announces definitive agreement to acquire ShoreTel

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William Blair Downgrades ShoreTel (SHOR) to Market Perform Amid Takeover

July 27, 2017 1:54 PM EDT

William Blair downgraded ShoreTel (NASDAQ: SHOR) from Outperform to Market Perform after the company agreed to be acquired by Mitel for $7.50/share.

The transaction is expected to close in third quarter 2017.

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